The commission by rule may authorize a credit union to issue certificates of indebtedness that are subordinated to all other claims of credit union creditors.
Official text of the Texas Finance Code as published by the Texas Legislative Council.
Finance Code › Title 3 › Chapter 123 › Subchapter C
Texas Finance Code § 123.211
Certificates of Indebtedness
General Powers · Financial Powers
Legislative history
Added by Acts 2003, 78th Leg., ch. 533, Sec. 36, eff. Sept. 1, 2003.